Why don't young people buy social security now? What should they do when they are old?

I believe everyone is familiar with social security and knows the importance of social security to us, but now many young people are reluctant to pay social security of several hundred yuan a month. What if young people are unwilling to pay social insurance when they are old?

1, the meaning of social security

First of all, endowment insurance is the most concerned insurance in social security. Endowment insurance is for the elderly, and some young people naturally don't care. The required period of endowment insurance is 15 years. If 15 doesn't pay continuously, it won't get the pension after retirement, and there is no source of income when it retires. So it is best to start paying social insurance as soon as possible. The longer the social security payment time, the more pensions will be received after retirement.

2. National welfare

Social security is the labor welfare given to every citizen by the state, and endowment insurance is the most important part of social security, which includes all kinds of insurance. The monthly endowment insurance is also for the better life of the elderly. But now many young people are reluctant to buy social security. Actually, no matter what happens in the future. The pension system will definitely change in the future, with a serious aging population and limited state investment.

This is an investment.

At present, pensions are paid according to the contributions of young people. In a sense, the money paid by young people is paid to the elderly, and of course there are state subsidies. If young people don't buy social security, the current pension system may collapse. Endowment insurance is also an investment. If no one invests, it is equivalent to declaring bankruptcy. Suppose you start from your twenties and deposit a few hundred yuan into your bank account every month, and deposit it automatically on a regular basis. When you are 60 years old, self-sufficiency is also a good idea. But the risk of this practice is currency depreciation, because inflation has always existed, and the value of bank deposits will be lower and lower.

Therefore, it is a good choice to buy social security for the country's economic development, and young people should take a long-term view.